SentinelOne (1SUS) Q2 2027 Earnings Report

The call presented a strongly positive operational and financial story: revenue, ARR, RPO, profitability, cash position, and product momentum (especially AI security) all showed meaningful improvement and management raised full-year revenue and operating income guidance. The company backed progress with specific customer wins, third-party validations, and partner expansions. Principal concerns noted by management and analysts center on the modest YoY percentage gain in net new ARR despite the record dollar amount, a slight deceleration in growth within the $100K+ customer cohort, and acknowledged caution that margin expansion will moderate as the company reinvests and that enterprise modernization is multi-quarter/multi-year. Overall, the positive metrics and raised guidance substantially outweigh these measured cautions.

SentinelOne raised its fiscal 2027 outlook, guiding full‑year revenue to $1.202–$1.207 billion (about 20% YoY growth at the midpoint) and Q3 revenue to $309–$311 million (≈20% YoY at the midpoint); it also raised operating income to $124–$128 million for the year (implying ~10% operating margin at the midpoint, ~700 bps improvement vs. FY26) and to $38–$40 million for Q3 (~13% margin at the midpoint). The company expects full‑year non‑GAAP EPS of $0.30–$0.32 and Q3 EPS of $0.08–$0.09, assumes a non‑GAAP tax rate of ~17%, and roughly 370 million weighted average diluted shares for Q3 (≈361 million for the full year). Management noted the outlook excludes stock‑based compensation, employer payroll tax on employee stock transactions, amortization of acquired intangibles, acquisition‑related compensation, restructuring charges, gains on strategic investments and certain income tax items.